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January 25, 2008
Federal Funds Rate Cut Again
The Federal Open Market Committee (FOMC) surprised Wall Street again today by lowering its federal funds rate another 75 basis points to 3 ½-percent. In a statement, the FOMC said it expects “inflation to moderate” in coming quarters, but will continue to monitor any inflationary trends closely.
Posted by S. Germain at January 25, 2008 07:54 AM